Marine Harvest to distribute €168m in quarterly dividend

News
1652

The Marine Harvest Group delivered an operating profit of €198 million in the second quarter of 2017.

Based on operating profit, as well as prospects for a strong market ahead and a solid financial position, the board has proposed a quarterly dividend of €0.34 per share.

“High salmon prices and strong demand have resulted in record operating profit in the second quarter. It is pleasing that Marine Harvest Scotland and Marine Harvest Ireland delivered strong results and reduced costs. It is also encouraging that production costs have fallen into Marine Harvest Chile,” says Alf-Helge Aarskog, CEO in a stock market announcement.

The Marine Harvest Group reported operating revenues and other revenues of €884 million in the second quarter of 2017. Total harvest volume in the quarter was 78,612 tonnes. Expected slaughter volume for 2017 has been reduced from 403,000 tonnes to 377,000 tonnes due to biological challenges in Norway.

Marine Harvest Norway achieved an operating operating profit per kilo of €2.50 in the second quarter, while Marine Harvest Scotland and Marine Harvest Canada achieved operating operating earnings per kilo of €3.10 euros and €2.34 euros respectively. Marine Harvest Chile achieved an operating operating profit per kilo of €1.46 in the quarter. Marine Harvest Fish Feed had an operating operating profit of €1.8 million. Consumer Products reported an operating operating profit of €15.4 million.

“I am pleased that the operational improvements made in Marine Harvest Consumer Products have resulted in another good quarter. Several of our plants have performed better than at the same time last year,” Aarskog says.